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How long did it take for $1635 to increase to $2310 if the investment earned interest at a rate of 8.08% compounded quarterly (give your
How long did it take for $1635 to increase to $2310 if the investment earned interest at a rate of 8.08% compounded quarterly (give your final answer in years and months, e.g., 3 years and 7.23 months)?
Select one:
A.
7 years 7.69 months
B.
8 years 1.69 months
C.
4 years 3.84 months
D.
4 years .64 months
E.
3 years 4.79 months
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